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What is the relationship between Polkadot and Substrate in the world of digital currencies?

avatarJahnavi Sai PasupuletiDec 16, 2021 · 3 years ago3 answers

Can you explain the connection between Polkadot and Substrate in the context of digital currencies? How do these two technologies relate to each other and what role do they play in the world of cryptocurrencies?

What is the relationship between Polkadot and Substrate in the world of digital currencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Polkadot and Substrate are closely related in the world of digital currencies. Polkadot is a multi-chain platform that enables different blockchains to interoperate and share information. Substrate, on the other hand, is a framework for building customized blockchains. Polkadot uses Substrate as its underlying technology to create and manage its parachains. In this way, Substrate serves as the foundation for Polkadot's functionality and scalability. Together, Polkadot and Substrate provide a powerful infrastructure for the development and deployment of digital currencies.
  • avatarDec 16, 2021 · 3 years ago
    The relationship between Polkadot and Substrate can be compared to a house and its foundation. Polkadot is like the house, representing the multi-chain platform that allows different blockchains to connect and communicate with each other. Substrate, on the other hand, is the foundation upon which the house is built. It provides the necessary tools and framework for developers to construct their own blockchains. Without Substrate, Polkadot would not be able to function effectively. Therefore, Substrate plays a crucial role in supporting the functionality and interoperability of Polkadot in the world of digital currencies.
  • avatarDec 16, 2021 · 3 years ago
    Polkadot and Substrate have a symbiotic relationship in the world of digital currencies. Polkadot relies on Substrate as its underlying technology to enable cross-chain communication and interoperability. Substrate, on the other hand, benefits from being the foundation of Polkadot's multi-chain platform, as it gains exposure and adoption through the projects built on top of Polkadot. This mutually beneficial relationship between Polkadot and Substrate strengthens the overall ecosystem of digital currencies, providing developers with a powerful and flexible infrastructure to build and deploy their blockchain projects.